Race Tightens with 1 Day left in January Stock Challenge4 min read
Can Power Metals’ stock (PMW:TSXV) gap up one last time and deliver January’s Stock Challenge to long-time member ‘bauman6’? That should be the question on every Top 10 competitors mind, including bauman6 who is knocking on the door of his first ever victory.
Power Metals’ Stock Breakout Continues
Power Metals’ has been breaking out for days; the move began late last week after the company announced that it had acquired one of the largest lithium brine permit portfolios in Alberta, Canada.
Power Metals – 5 Day Chart
After finishing Friday in 36th, bauman6 has moved into 12th overall. What’s more, Power Metals had a very bullish close, finishing just 2 pennies below its 52-week high of $0.50. Below is an excerpt from Friday’s write up, titled Power Metals Surges after Acquiring Lithium Brine Permit Portfolio in Alberta:
“Power Metals Corp. (PWM:TSXV) topped all stocks in January’s Stock Challenge Friday. The stock ripped 22% higher closing one penny below its new 52-week high, which the company hit today.
Power Metals was among the most liquid on the entire exchange, trading some 1.8 million shares Friday. Why? You nailed it, lithium, marijuana or gold. In this case, it was lithium. Power Metals announced Thursday afternoon that it had executed an agreement to acquire one of the largest lithium brine permit portfolios in Alberta, Canada. Below is an excerpt from the press release:
Immediate Scale-Up to a 505,000+ Acre Oilfield Lithium Brine Project Base.
Historic Lithium Sampling up to 135 mg/L.
Significant Lithium Brine Exploration Opportunities in Infrastructure-Rich Region.
Permits Contain Oil Field Wellheads Offering Potential for Well Sampling Programs and Oil Company Partnerships.
Permit Control of the Leduc S, South Formation Water Lithium Target Area.
Click here to read the entire press release.
Long-time member ‘bauman6‘ selected Power Metals for January’s Stock Challenge and saw his combined average return jump 11% Friday.
The move catapulted ‘bauman6’ up the ranks to 36th place overall in January’s Stock Challenge.”
Click here to read Power Metals Surges after Acquiring Lithium Brine Permit Portfolio in Alberta.
Power Metals’ stock on fire in January’s Stock Challenge
Power Metals Corp. (PWM:TSXV) is surging at exactly the right time. The company’s shares closed at $0.48 Monday, after trading a whopping 2.7 million shares. Power Metals has some serious momentum, if it can break into the $0.60s tomorrow, long-time member bauman6 may have a chance to win it all.
With only one day remaining in January’s Stock Challenge, every member, including bauman6 is chasing ‘Hello’s 87.82% return. If you haven’t joined February’s Stock Challenge, do so now by clicking here.
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